v3.20.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Revenue $ 175,479 $ 122,234
Costs and expenses    
Curriculum and teaching 20,478 6,701
Servicing and support 30,533 20,174
Technology and content development 35,510 19,794
Marketing and sales 99,215 76,961
General and administrative 43,653 23,023
Total costs and expenses 229,389 146,653
Loss from operations (53,910) (24,419)
Interest income 513 2,349
Interest expense (5,493) (55)
Other expense, net (2,271) (370)
Loss before income taxes (61,161) (22,495)
Income tax benefit 1,055 941
Net loss $ (60,106) $ (21,554)
Net loss per share, basic and diluted (in dollars per share) $ (0.94) $ (0.37)
Weighted-average shares of common stock outstanding, basic and diluted (in shares) 63,626,333 58,138,692
Other comprehensive loss    
Foreign currency translation adjustments, net of tax of $0 for all periods presented $ (16,115) $ (372)
Comprehensive loss $ (76,221) $ (21,926)